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India Exports

Exports from India plunged 60.28 percent over a year earlier to USD 10.36 billion in April 2020 its lowest level since November 2006, mainly due to lower sales of gems & jewelry (-98.74 percent), engineering goods (-64.76 percent), electronic goods (-71.04 percent), petroleum products (66.22 percent), and organic & inorganic chemicals (41.93 percent).

Forecast

Exports in India is expected to be 18500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in India to stand at 30600.00 in 12 months time. In the long-term, the India Exports is projected to trend around 25900.00 USD Million in 2021 and 29900.00 USD Million in 2022, according to our econometric models.

Import News

New Zealand Imports Sink 13% YoY
Exports from New Zealand tumbled 13 percent over a year earlier to NZD 5.3 billion in October of 2020. The biggest declines were mechanical machinery & equipment (-31 percent), oil & products (-33 percent), and electrical machinery & equipment (-17 percent). In contrast, aircraft & parts jumped 114 percent and optical, medical & measuring equipment rose by 12 percent. Imports from China were down NZD 100 million to NZD 1.3 billion, while those from the US declined NZD 158 million to NZD 469 million.
Thailand Imports Plunge More than Estimated
Imports to Thailand tumbled 14.32 percent year-on-year to USD 17.33 billion in October of 2020, compared with market expectations of a 13.4 percent drop and after a 9.08 percent fall in August, amid deteriorating domestic demand due to the COVID-19 crisis. Many of the materials Thailand imports are assembled into completed goods and shipped out again. Considering the January to October period, imports slumped 14.61 percent.
New Zealand Imports Slump 11% in September
Imports to New Zealand plunged 11.4 percent year-on-year to NZD 5.0 billion in September of 2020, after falling by 16 percent in August, as some Covid-19 restrictions were eased. Purchases dropped mainly aircraft and parts (-75.3 percent); vehicles, parts & accessories (-22.8 percent); petroleum & products (-15.2 percent), and mechanical machinery & equipment (-13.3 percent). On the other hand, purchases of optical, medical & measuring equipment increased 9.6 percent. Among major trading partners, imports fell from China (-9.4 percent), the US (-21.9 percent), Australia (-1.3 percent) and Japan (-35.6 percent). Considering the third quarter of the year, imports to New Zealand went down 9.1 percent to NZD 58.6 billion from NZD 64.5 billion in the previous period.
Thailand Imports Drop Less than Estimated
Imports to Thailand declined by 9.08 percent year-on-year to USD 17.39 billion in September of 2020, compared with market expectations of a 16.25 percent tumble and after a 19.68 percent slump in August. Many of the materials Thailand imports are assembled into completed goods and shipped out again. Considering the January to September period, imports tumbled 14.64 percent.
New Zealand Imports Plunge in August
Imports to New Zealand plunged 16 percent year-on-year to NZD 4.8 billion in August of 2020, amid restrictions due to the coronavirus pandemic. Purchases dropped mainly for vehicles, parts & accessories (-36.8 percent); petroleum & products (-36.2 percent), and mechanical machinery & equipment (-14.3 percent). On the other hand, purchases of electrical machinery & equipment increased 6.5 percent. Among major trading partners, imports declined from China (-7 percent), the US (-22.4 percent), Australia (-12.5 percent) and Japan (-28.6 percent), but rose from South Korea (26.7 percent).
Thailand Imports Shrink More than Consensus
Imports to Thailand plunged 19.68 percent year-on-year to USD 15.86 billion in August of 2020, compared with market expectations of a 19.3 percent tumble and after a 26.38 percent slump in July. Many of the materials Thailand imports are assembled into completed goods and shipped out again. Considering the January to August period, imports tumbled 15.31 percent.
New Zealand Imports Plunge 18% YoY
Imports to New Zealand plunged 18 percent from a year ago to NZD 4.6 billion in July of 2020, amid lockdowns restrictions due to the coronavirus pandemic. Purchases dropped for vehicles, parts & accessories (-52.6 percent to NZD 365 million); petroleum & products (-70.3 percent to NZD 204 million); and aircrafts & parts (-77.7 percent to NZD 38 million). In contrast, purchases of electrical machinery & equipment increased 5.6 percent to NZD 479 million. Among major trading partners, imports from China climbed by 10 percent to NZD 1176 million, while purchases from Japan plunged 44.9 percent to NZD 228 million.
Thailand Imports Plummet More than Expected
Imports to Thailand plunged 26.38 percent year-on-year to USD 15.48 billion in July of 2020, compared with market expectations of a 23.2 percent tumble and after an 18.05 percent fall in June. Many of the materials Thailand imports are assembled into completed goods and shipped out again. Considering the January to July period, imports tumbled 14.69 percent.
Thailand Imports Slump Further
Imports to Thailand plunged 18.05 percent year-on-year to USD 14.83 billion in June 2020, compared with market expectations of a 16.7 percent drop and after a 34.41 percent slump in May. Many of the materials Thailand imports are assembled into completed goods and shipped out again.
New Zealand Imports Little Changed
Imports to New Zealand edged up 0.2 percent from a year ago to NZD 4.6 billion in June of 2020, amid lockdowns restrictions due to the coronavirus pandemic. Purchases dropped for vehicles, parts & accessories (-45 percent or NZD 297 million), petroleum & products (-45 percent or NZD 217 million), and mechanical machinery & equipment (-10 percent or NZD 70 million). In contrast, purchases increased by NZD 391 for ships and boats and by NZD 53 million for animal fodder. Among major trading partners, imports from China climbed by NZD 97 million to NZD 1.1 billion, whereas imports from the United States decreased by NZD 111 million to NZD 372 million.